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---------- Forwarded message ----------
Date: Sun, 10 Jul 2005 08:43:47 -0700
From: RoadsEnd <[EMAIL PROTECTED]>
Reply-To: [EMAIL PROTECTED]
To: ctrl CTRL <[email protected]>
Cc: [EMAIL PROTECTED]
Subject: [ctrl] Fwd: [cia-drugs] It's no crude joke: this oil field grows
    even as it's tapped



Begin forwarded message:

> From: "Vigilius Haufniensis" <[EMAIL PROTECTED]>
> Date: July 10, 2005 3:43:38 AM PDT
> To: "gold currency warfare"
> <[EMAIL PROTECTED]>
> Cc: "cia drugs" <[email protected]>
> Subject: [cia-drugs] It's no crude joke: this oil field grows even
> as it's tapped
> Reply-To: [email protected]
>
>
> http://archives.econ.utah.edu/archives/pkt/2002m04/msg00120.htm
>
> Sunday, April 25, 1999
> It's no crude joke: this oil field grows even as it's tapped
> By CHRISTOPHER COOPER
> The Wall Street Journal
>
> HOUSTON - Something mysterious is going on at Eugene Island 330.
>
> Production at the oil field, deep in the Gulf of Mexico off the
> coast of Louisiana, was supposed to have declined years ago. And
> for a while, it behaved like any normal field: Following its 1973
> discovery, Eugene Island 330's output peaked at about 15,000
> barrels a day. By 1989, production had slowed to about 4,000
> barrels a day.
>
> Then suddenly - some say almost inexplicably - Eugene Island's
> fortunes reversed. The field, operated by PennzEnergy Co., is now
> producing 13,000 barrels a day, and probable reserves have rocketed
> to more than 400 million barrels from 60 million.
>
> Stranger still, scientists studying the field say the crude coming
> out of the pipe is of a geological age quite different from the oil
> that gushed 10 years ago.
>
> All of which has led some scientists to a radical theory: Eugene
> Island is rapidly refilling itself, perhaps from some continuous
> source miles below the Earth's surface. That, they say, raises the
> tantalizing possibility that oil may not be the limited resource it
> is assumed to be.
>
> "It kind of blew me away," says Jean Whelan, a geochemist and
> senior researcher from the Woods Hole Oceanographic Institution in
> Massachusetts. Connected to Woods Hole since 1973, Whelan says she
> considered herself a traditional thinker until she encountered the
> phenomenon in the Gulf of Mexico. Now, she says, "I believe there
> is a huge system of oil just migrating" deep underground.
> Conventional wisdom says the world's supply of oil is finite, and
> that it was deposited in horizontal reservoirs near the surface in
> a process that took millions of years.
>
> Since the economies of entire countries ride on the fundamental
> notion that oil reserves are exhaustible, any contrary evidence
> "would change the way people see the game, turn the world view
> upside down," says Daniel Yergin, a petroleum futurist and industry
> consultant in Cambridge, Mass. "Oil and renewable resource are not
> words that often appear in the same sentence."
>
> Doomsayers to the contrary, the world contains far more recoverable
> oil than was believed even 20 years ago. Between 1976 and 1996,
> estimated global oil reserves grew 72 percent, to 1.04 trillion
> barrels. Much of that growth came in the past 10 years, with the
> introduction of computers to the oil patch, which made drilling for
> oil more predictable.
>
> Still, most geologists are hard-pressed to explain why the world's
> greatest oil pool, the Middle East, has more than doubled its
> reserves in the past 20 years, despite half a century of intense
> exploitation and relatively few new discoveries.
>
> It would take a pretty big pile of dead dinosaurs and prehistoric
> plants to account for the estimated 660 billion barrels of oil in
> the region, notes Norman Hyne, a professor at the University of
> Tulsa in Oklahoma.
>
> "Off-the-wall theories often turn out to be right," he says.
>
> Even some of the most staid U.S. oil companies find the Eugene
> Island discoveries intriguing. "These reservoirs are refilling with
> oil," acknowledges David Sibley, a Chevron Corp. geologist who has
> monitored the work at Eugene Island. Sibley cautions, however, that
> much research remains to be done on the source of that oil. "At
> this point, it's not black and white. It's gray," he says.
>
> Although the world has been drilling for oil for generations,
> little is known about the nature of the resource or the underground
> activities that led to its creation. And because even conservative
> estimates say known oil reserves will last 40 years or more, most
> big oil companies haven't concerned themselves much with hunting
> for deep sources like the reservoirs scientists believe may exist
> under Eugene Island.
>
> Economics never hindered the theorists, however. One, Thomas Gold,
> a respected astronomer and professor emeritus at Cornell University
> in Ithaca, N.Y., has held for years that oil is actually a
> renewable, primordial syrup continually manufactured by the Earth
> under ultrahot conditions and tremendous pressures.
>
> As this substance migrates toward the surface, it is attacked by
> bacteria, making it appear to have an organic origin dating back to
> the dinosaurs, he says.
>
> While many scientists discount Gold's theory as unproved, "it made
> a believer out of me," says Robert Hefner, chairman of Seven Seas
> Petroleum Inc., a Houston firm that specializes in ultradeep
> drilling and has worked with the professor on his experiments.
> Seven Seas continues to use "conventional" methods in seeking
> reserves, though the halls of the company often ring with dissent.
>
> "My boss and I yell at each other all the time about these
> theories," says Russ Cunningham, a geologist and exploration
> manager for Seven Seas who isn't sold on Gold's ideas.
>
> Knowing that clever theories don't fill the gas tank, Roger
> Anderson, an oceanographer and executive director of Columbia
> University's Energy Research Center in New York, proposed studying
> the behavior of oil in a reservoir in hopes of finding a new way to
> help companies vacuum up what their drilling was leaving behind.
>
> He focused on Eugene Island, a kidney-shaped subsurface mountain
> that slopes steeply into the Gulf depths. About 80 miles off the
> Louisiana coast, the underwater landscape surrounding Eugene Island
> is otherworldly, cut with deep fissures and faults that
> spontaneously belch gas and oil.
> In 1985, as he stood on the deck of a shrimp boat towing an oil-
> sniffing contraption through the area, Anderson pondered Eugene
> Island's strange history.
>
> "Migrating oil and anomalous production. I sort of linked the two
> ideas together," he says.
> Five years later, the U.S. Department of Energy ponied up $10
> million to investigate the Eugene Island geologic formation, and
> especially the oddly behaving field at its crest. A consortium of
> companies leasing chunks of the formation, including such giants as
> Chevron, Exxon Corp. and Texaco Corp., matched the federal grant.
>
> The Eugene Island researchers began their investigation about the
> same time that 3-D seismic technology was introduced to the oil
> business, allowing geologists to see promising reservoirs as a
> cavern in the ground rather than as a line on a piece of paper.
>
> Taking the technology one step further, Anderson used a powerful
> computer to stack 3-D images of Eugene Island on top of one
> another. That resulted in a 4-D image, showing not only the
> reservoir in three spatial dimensions, but showing also the
> movement of its contents over time as PennzEnergy siphoned out oil.
>
> What Anderson noticed as he played his time-lapse model was how
> much oil PennzEnergy had missed over the years. The remaining
> crude, surrounded by water and wobbling like giant globs of Jell-O
> in the computer model, gave PennzEnergy new targets as it reworked
> Eugene Island.
> What captivated scientists, though, was a deep fault in the bottom
> corner of the computer scan that was gushing oil like a garden
> hose. "We could see the stream," Anderson says. "It wasn't even
> debated that it was happening."
>
> Woods Hole's Whelan, invited by Anderson to join the Eugene Island
> investigation, postulated that superheated methane gas - a compound
> that is able to absorb vast amounts of oil - was carrying crude
> from a deep source below. The age of the crude pushed through the
> stream, and its hotter temperature helped support that theory. The
> scientists decided to drill into the fault.
>
> As prospectors, the scientists were fairly lucky. As researchers
> they weren't. The first well they drilled hit natural gas, a pocket
> so pressurized "that it scared us," Anderson says; that well is
> still producing. The second stab, however, collapsed the fault.
> "Some oil flowed. I have 15 gallons of it in my closet," Anderson
> says. But it wasn't successful enough to advance Whelan's theory.
>
> A third well was drilled at a spot on an adjacent lease, where the
> fault disappeared from seismic view. The researchers missed the
> stream but hit a fair-size reservoir, one that is still producing.
>
> It was here, in 1995, that the scientists ran out of grant money
> and PennzEnergy lost interest in continuing. "I'm not discounting
> the possibility that there is oil moving into these reservoirs,"
> says William Van Wie, a PennzEnergy senior vice president. "I
> question only the rate."
>
> Whelan hasn't lost interest, however, and is seeking to investigate
> further the mysterious vents and seeps. While industry geologists
> have generally assumed such eruptions are merely cracks in a
> shallow oil reservoir, they aren't sure.
>
> Noting that many of the seeps are occurring in deep water, rather
> than in the relative shallows of the continental shelf, Whelan
> wonders if they may link a deeper source.
>
> This summer, a tiny submarine chartered by a Louisiana State
> University researcher will attempt to install a series of measuring
> devices on vents near the Eugene Island property. Whelan hopes this
> will give her some idea of how quickly Eugene Island is refilling.
> "We need to know if we're talking years or if we're talking
> hundreds of thousands of years," she says.
>
>
> Complete archives at http://www.sitbot.net/
>
> Please let us stay on topic and be civil.
>
> OM
>
>
>
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